Tax Revenue's Flat, Spending's Out of Control

October’s half over already, so in honor of the Halloween holiday month we’re posting a Reason TV video clip on the US’ fiscal house of horrors, in 3D no less! Well… that’s assuming you have the old-school red and green 3D glasses on hand.

According to the Congressional Budget Office, government spending has skyrocketed while tax revenue as a percentage of GDP has stayed consistent over the past seven decades. See more details below, but here’s your fair warning: it’s “more terrifying than Rahm Emmanuel in a locker-room shower…”

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About Rocky Vega:

Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update — which he ran from Brazil, Chile, and Puerto Rico — as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.